In which scenario would a forecast most likely be inaccurate because of its intended purpose? a. When
Question:
In which scenario would a forecast most likely be inaccurate because of its intended purpose?
a. When it is developed to make management look good to a business’s owners.
b. When it is developed based primarily on historical data.
c. When the time period it addresses is in the very near future.
d. When it has been recently modified to reflect actual performance.
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a When it is d...View the full answer
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Related Book For 
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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